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$995,000 total
5,838 SF
Asset Class
Specialty
Size
5,838 SF
Building class
C
Zoning
DC2 — Site Specific
$ / SF
$170
Occupancy
87%
Year Built
2005
Lot Size
0.7594123048668503 ac
A grand income property with unlimited potential and pure Olde Country charm! Discover a rare, multi-stream revenue generator designed for the visionary entrepreneur. The main building was built in 2005 but has a timeless Bavarian identity. This unique commercial property perfectly blends stable residential income with a commercial business opportunity which has been assembled and is truly ready to go. With its exceptional location along 50th Avenue, it has long been a feature property within the heart of the downtown area within the Town of Valleyview. The property additionally features so many benefits including a 912 sq.ft. detached residence which means you can live where you work or you can continue to use it as another source of income. The potential for revenue generation doesn’t end with the buildings. A mini-golf course was developed on one of the three lots, and the other lot is vacant and could be used for business expansion, redevelopment or resale. This property offers multiple income streams, including rental income available from day one. You could then expand and bring back to life the iconic Bavarian themed restaurant, or you could completely reinvent the property to match your creative vision. Whatever you decide bring your imagination and create a new future for this completely unique and landmark property today! (id:66811)
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Monthly debt service
$5K
Projected NOI
$54K
Annual cash flow
$-2K
Cash-on-cash
-0.52%
DSCR
0.97
Going-in cap
5.38%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 2,614 SF | 2032-04 |
| Meridian Health Group | 1,266 SF | 2032-04 |
| Meridian Health Group | 616 SF | 2032-04 |
| Meridian Health Group | 589 SF | 2032-04 |
Trade area within 3 miles of the property.
Population
51,775
Households
18,532
Median income
$119,500
Median age
36
Daytime population
67,948
5-yr growth
3.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 4810 50 Avenue, Valleyview.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.